Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

Sections:  news   business   
RELATED ARTICLES
  • Amazon may be working on a smartphone with hologram-like 3DAmazon may be working on a smartphone with hologram-like 3D
    Amazon is reportedly developing a smartphone that sports a 3D screen that relies on retina-tracking technology to make images seem to float above the screen like a hologram. With the smartphone, users would be able to navigate through content by using their eyes alone, according to two unnamed people who discussed the phone with the Wall Street Journal. More
  • Top Editors Abruptly Leave Village VoiceTop Editors Abruptly Leave Village Voice
    Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More
  • S&P cuts Egypt's credit ratings
    Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billionMicrosoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • HTC Expects Brighter Second Quarter
    Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
BING NEWS:
  • Moody's downgrades Nokia further into junk status
    Moody's Investors Services downgraded Nokia's debt rating by a notch to B1, meaning that the Finnish handset manufacturer has slipped further into junk territory on the back of cash flow concerns. "We have downgraded Nokia's CFR [corporate family rating ...
    08/23/2013 - 7:31 am | View Link
  • Moody's downgrades Nokia rating to junk status
    Nokia Corp., the faltering Finnish cellphone maker, closed out the week with another hit to its financial condition: Moody's Investors Service downgraded its credit rating to junk status. Moody's cut the company's rating a notch to Ba1, a non-investment ...
    06/15/2012 - 1:40 pm | View Link
  • Moody's downgrades Nokia to junk status
    (AP) HELSINKI - Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 8:36 am | View Link
  • Moody's downgrades Nokia to junk status
    HELSINKI (AP) — Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 7:54 am | View Link
  • Moody's agency downgrades Nokia bonds to 'junk' status
    Nokia, the troubled Finnish mobile phone manufacturer, has had its bonds downgraded to "junk" status by ratings agency Moody's. The news follows Nokia's announcement on Thursday that it is to cut another 10,000 jobs globally, bringing the total planned job ...
    06/15/2012 - 6:33 am | View Link
  • More
BING SEARCH:
  • TT-Total | Home
    Templeton Media is the best intelligence resource to keep you ahead of your competition.
    11/28/2014 - 6:49 pm | View Website
  • business
    The new MSN—your customizable collection of the best in news, sports, entertainment, money, weather, travel, health and lifestyle, combined with Outlook, Facebook ...
    11/28/2014 - 6:28 pm | View Website
  • International Financing Review
    Getting it all wrong. IFR 2060 22 November to 28 November 2014. To miscalculate your Core Tier 1 equity ratio by 100 basis points is embarrassing enough, but to do it ...
    11/28/2014 - 4:33 pm | View Website
  • Latest News Headlines
    Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our ...
    11/28/2014 - 2:24 pm | View Website
  • Investor Center
    by Eric Volkman Nov 27th 2014 6:00AM. This year's most successful IPOs include GoPro, Immune Design and Radius Health, which are all harnessing the power of technology.
    11/28/2014 - 12:08 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News